Made the financial crisis a lot worse, and that is just the start

The Euro ties many, very diverse economies, into a single interest rate. Without full political union (e.g. the EU cannot directly raise tax, and there are limits on its spending power) means the EU cannot quickly take money away from countries where Euro rates are too low and give it to countries where rates are too high. This weakness is what lead to the crisis in countries like Greece.

Most single currency areas are countries, and that redistribution happens and it largely happens automatically (regions that are doing well pay more tax, regions that are doing badly get more welfare). The EU has a currency union without the political union that is needed to make it work.

The UK was lucky to be outside the Euro, which reduced the damage – but it still suffered some indirect damage. It also faces the prospect of this happening again and again, and on top of that EU policy will increasingly be set by the needs of the Euro area – so the UK can stay out of the Euro and have unsuitable policies, or join and get the full blow of each crisis. A great choice.

What is even better is that people outside the EU can find this information.

Imposed stupid and harmful regulation

Those in favour of the EU point to tabloid examples of bad regulation that turn out to false. However, the fact is that the EU does create a lot of harmful, and down right stupid, regulation. Two that I have dealt with is the cookie law and VATMOSS.

The cookie law was supposed to protect privacy. With a very few exceptions, the best it ever achieves is that sites pop up notices that tell you that if you continue using the site you agree to their cookie policy.

The only way sites can track whether or not you have agreed is to set a cookie, so anyone who turns cookies off, or only allows selected sites to set cookies, gets bombarded with notices on every page or every EU based site. This is deterrent to protecting your privacy with things like Cookie Whitelist. I have also notices a sharp increase in the sites I use that will not work without cookies since the cookie law was passed.

It has also encouraged tracking without cookies, by using browser fingerprinting, which is much harder to protect against.

In short, the EU’s regulations seem to achieve the opposite of the stated purpose of the EU. It undermines trade, and complete fails to understand small business or technology.

Made books, and a lot of other things, more expensive and less easily available

The EU requires a minimum copyright duration of life + 70 years. This is great news if you are a publisher, or a successful author’s or painter’s grandchild who wants a pension boost. For the rest of us, it makes books and other works, more expensive, and it also means that anything that remains in extended copyright that it is not commercially attractive to publish (e.g. will sell in large numbers) will simply be unavailable, as free ebook distributors will be unable to give away copies.

The EU’s excuse for this was that it would harmonise copyright laws, so we could freely trade copyright works across the EU without worrying about legal differences. The odd thing is that it did not make life + 70 a fixed copyright duration, but a minimum, so countries like the UK and France can have extended copyright on some works, so the law is not actually harmonised.

I will not discuss the ludicrousness of a duration that means works created while Queen Victoria was on the throne remain in copyright in the 21st century (for example, many of Shaw’s works were written then, and remain in copyright until 2020).

Caused floods

The EUs counter arguments are that recent changes (“greening” measures) to the regulation mean that this is either no longer true, or less true, or and harm is now down to how national governments implement things. However all these relate to changes in the last few years, ignoring the damage done over many decades.